Toronto Board of Trade Member Group Insurance Benefits – An Excellent Insurance Option for Toronto Small & Mid Sized Businesses
A Tanner Financial, we are very proud to be a partner with the Toronto Board of Trade and we’re also an advisor with the Chambers of Commerce Group Insurance Plan in Toronto. The Toronto Board of Trade allows small to mized sized business owners and entrepreneurs access to the same group insurance and employee benefits and stability that are typically only offered to larger businesses. You’ll have the peace-of-mind of knowing that you and your employees are covered by a stable, well-managed, and diverse insurance plan.
Benefits of the Toronto Board of Trade Member Benefits Plan
- Stable and predictable rates. With the number of people enrolled in the plan, rates will remain consistent from one year to the next with no dramatic increases.
- You will be covered as long as you make your premium payments.
- Get money back quickly with very fast turnaround times on submitted claims.
- An excellent online portal that allows the ability to easily administer your plan and instantly access forms.
- Plans are built to be flexible, build an insurance plan that suits your needs and budget.
There are various insurance coverage options available through Toronto Board of Trade Member Benefits for you and your employees with a Toronto based Group Insurance Plan. Typically, the plan will provide between 80 percent to 100 percent of eligible expenses.
Your Chambers plan can provide coverage for the following…
Health Benefits
- Prescription drug costs
- Paramedical services like physio, chiro and massage
- Semi-private hospital stay
- Nursing care
- Ambulance
- Medical appliances
- Emergency medical assistance
- Voyage Assistance program for out of country travel
- Pay direct drug card
- *Optional:Vision care
Short and Long Term Disability
Short and Long Term Disability coverage is there to protect an employee from lost wages due to a short or extended period away from work due to a health-related challenge. Whether this is an accident or illness there a a varied array of solutions that can be designed on either a taxable or non taxable basis.
Critical Illness
A group benefit plan critical illness option can provide coverage for the illnesses.
- Cancer
- Heart attack
- Alzheimer’s
- Aortic Surgery
- Aplastic Anemia
- Bacterial Meningitis
- Benign Brain Tumour
- Blindness or Deafness
- Burns
- Coma
- Coronary Bypass
- Heart Valve Replacement
- Kidney Failure
- Loss of Independent Existence
- Loss of Limbs
- Loss of Speech
- Major Organ Failure on Waiting List
- Major Organ Transplant
- Motor Neuron Disease
- Multiple Sclerosis
- Occupational HIV
- Paralysis
- Parkinson’s Disease
- Stroke
Your group insurance plan will also include an option for coverage in the event of an accidental death. A basic coverage level of $25,000 or an amount related to a salary. This coverage can also be applied to your employee’s dependents such as spouse or children. Employees can top up their life insurance plans to increase the benefit. The Chamber Insurance Plan gives members access to Best Doctors, one of the world’s best programs to review or confirm the diagnosis, allowing them to get the best treatment possible when facing a major health challenge. They can also invest in a wide range of investment products and retirement solutions, allowing for short and long-term tax savings and retirement planning.
Business owners also get access to the Chambers Plan’s BAS (Business Assistance Service) providing legal, accounting and HR help at no cost as well as employer driven counselling.
An EAP (Employee Assitance Plan) provides support with personal challenges such as relationship issues, issues with children or grief or dependency counselling. The goal is to provide some excellent support for your employees and reduce absences from work at the same time. Small business owners can benefit from the plan’s business owner coverage, providing funds for overhead expenses such as rent, utilities, taxes and some salary in the event of a disability.
A Chambers Insurance Plan is an excellent option for many small to mid sized businesses. Learn more about how to protect yourself and your employees by speaking to one of our experienced advisors today.
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